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You are going to open a business making custom cabinets. Using the data in the table, provide answers to the questions below. Cabinet Selling Price
You are going to open a business making custom cabinets. Using the data in the table, provide answers to the questions below.
Cabinet Selling Price
$ 82
Time to Make One Cabinet
45 minutes
Labor Cost per Hour
$ 20
Raw material Cost per Cabinet
$ 27
Fixed Costs
$ 4000
Desired Profit per Month
$ 4000
What is your Contribution Margin? $Blank 1 (two decimals)
Cabinets to be made per month to Break Even? Blank 2 ~ cabinets\month
Monthly Revenue needed to reach your desired profit? $Blank 3 (two decimals)
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